Last Energy Advances Plans to Develop 10 Small Modular Nuclear Reactors in Poland
Last Energy to collaborate with the Legnica Special Economic Zone to scale nuclear energy in Poland
Last Energy to collaborate with the Legnica Special Economic Zone to scale nuclear energy in Poland
Legnicka Specjalna Strefa Ekonomiczna (LSSE) is a hub of industrial activity located in one of the fastest growing regions of Poland. The special economic zone is home to more than 75 companies and over 16,000 jobs.
LSSE is looking to satisfy the growing demand for clean energy from their existing and new clients and investors via economically viable arrangements.
Last Energy, and LSSE agreed to scale nuclear energy in Poland. Last Energy will develop 10 small modular reactors in the LSSE. The 10 PWR-20 facilities will provide carbon-free, baseload power and steam with high reliability of both supply, as well as prices, for end users.
Last Energy’s unique business model is designed to make nuclear energy more accessible, more affordable and faster to deploy. To do this, they provide full-cycle nuclear project development for its customers, including design, construction, financing, service, and decommissioning. The company’s power plant leverages a proven pressurized water reactor and fully modular plant design, a unique approach that dramatically reduces the time and cost of building nuclear power plants while delivering clean baseload energy.
The agreement between Last Energy and LSSE marks a significant step toward widespread SMR deployment in Poland.
“There is a lot of talk about global problems with the lack of energy,” said Przemysław Bożek, President of the Legnica Special Economic Zone. “Potential investors are increasingly faced with a lack of availability of energy and gas in the quantities they need. This project would allow for a safe, stable and emission-free source of energy for factories located in the Zone. We are taking another step not only towards green energy, but also to strengthen energy security.”
Last Energy, a U.S.-based micro modular nuclear technology firm and project developer, has secured power purchase agreements (PPAs) for 34 PWR-20 small modular reactor (SMR) units with four industrial partners.
Last Energy, a U.S.-based micro modular nuclear technology firm and project developer, has secured power purchase agreements (PPAs) for 34 PWR-20 small modular reactor (SMR) units with four industrial partners.
The American company’s direct route to market negates the need for government subsidy.
The American company’s direct route to market negates the need for government subsidy.
Last Energy Inc., a startup developing advanced, smaller nuclear power plants, completed four deals worth $18.9 billion to build 34 reactors in Europe.
Last Energy Inc., a startup developing advanced, smaller nuclear power plants, completed four deals worth $18.9 billion to build 34 reactors in Europe.